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this is supposed to make people a lot of moo law. the only one problem, it doesn't. i call these kind of patterns love blankets. something to make you feel more secure. even as it's nothing more than a piece of clothe. like my baby when i was going out. give you comfort when there is no reason for it. nothing but a lovie blanket. check that. that's when the quarterback considers whom he should pass the ball to. >> hmm. >> i'm going to keep the ball myself. >> wow. >> ludicrous. okay. oops. here we go. ball, i'll just hold it. new york style and old london. here it is. always old london. a brand i know. american staples, particularly in the cramer house. i love this. i always have this. i have these in my closet. >> bagel crisps, and melba toast, which is what i feel like right now. greatest brand. j.j. flats, i'm j.j.c., these should be mine. i love these. >> i love melba toast. cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the gr
this is supposed to make people a lot of moo law. the only one problem, it doesn't. i call these kind of patterns love blankets. something to make you feel more secure. even as it's nothing more than a piece of clothe. like my baby when i was going out. give you comfort when there is no reason for it. nothing but a lovie blanket. check that. that's when the quarterback considers whom he should pass the ball to. >> hmm. >> i'm going to keep the ball myself. >> wow. >>...
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computer systems should not include any components made by these companies and they may have violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only tell you from firsthand experience, so many ceos of fortunate 500 companies who would not come on the program that we did a number of months ago because they fear for their business in china have admitted to me face to face that their firewalls had been breached by the chinese, that they'd been informed of that by the fbi. and so by doing this, chairman rogers simply is able to raise a larger awareness of it. as for the huawei allegation, we'll see. we haven't seen the report yet and the specifics. >> the reason why the issue has been treated with -- this has been going on over the course of a decade at least. it'
computer systems should not include any components made by these companies and they may have violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only...
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law. what is the purpose of that law again pennsylvania's republican house majority leader? >> voter i.d. which is going to allow governor romney to win the state of pennsylvania. done. >> jon: but hey -- (laughter). -- this is just between us chickens, right? huh? i mean, when the mics and the cameras go on pick a lock, you know what i'm talking about? pick a lock. what's that red -- okay, so it's on. as it turns out, the voter i.d. laws ostensibly set up to stop nonexistent inn-person voter fraud have the residual effect of disenfranchising and suppressing actual eligible voters. disproportionately of the minority, poor, and elderly variety or, as they are sometimes known, democrats. (laughter) of course, that law has been challenged in the courts and we are expecting a ruling -- (laughter). all right, just roll the ruling. >> we have breaking news right now. a judge has issued a decision in pennsylvania's controversial voter i.d. law. >> jon: all those without voter i.d. must gay marry whilst on medical marijuana during the first trimester! there, i (bleep)ing settled eve
law. what is the purpose of that law again pennsylvania's republican house majority leader? >> voter i.d. which is going to allow governor romney to win the state of pennsylvania. done. >> jon: but hey -- (laughter). -- this is just between us chickens, right? huh? i mean, when the mics and the cameras go on pick a lock, you know what i'm talking about? pick a lock. what's that red -- okay, so it's on. as it turns out, the voter i.d. laws ostensibly set up to stop nonexistent...
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enterprise law in china requires a kfc china or walmart china or cisco china or hauwei to allow for the existence of a communist party committee within the organization. hauwei, like these other companies, allows for that existence. the communist party committee doesn't have any interaction with or influence on our business operations. >> but it's alleged by our investigators that the company did not cooperate at all with the investigation. is that true? and if so, why not? if there's nothing to hide, if the company did nothing wrong, why not cooperate? >> oh, that's a great point. the company cooperated immensely. we hosted the staff in washington in december and then in china in february and members and staff in hong kong in may, with our ceo. we responded to multiple ent interrogatories, delivered reams and reams of paper. while we were with transparency and good faith, we got a book-long press release that launched the investigation last november. >> they go into quite a lot of detail in the report itself, and a lot of it, hauwei, they say, refusing to provide information that was r
enterprise law in china requires a kfc china or walmart china or cisco china or hauwei to allow for the existence of a communist party committee within the organization. hauwei, like these other companies, allows for that existence. the communist party committee doesn't have any interaction with or influence on our business operations. >> but it's alleged by our investigators that the company did not cooperate at all with the investigation. is that true? and if so, why not? if there's...
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under the law, the government could recover triple damages. this is a $570 million suit against wells fargo. we're following it. we'll teep you posted. back to you. >> just off the lows, scott, thank you very much. we're heading toward the close, otherwise, with about 30 minutes left. the dow down 100 points at this hour. when we come back, we look at the health of wall street. new york state comptroller on the looming -- whether the looming fiscal cliff and increasing regulation are threatening wall street's comeback these days. plus, speaking of which, nearly half of all wall streeters are expecting a bigger bonus this year. will they get it in and more importantly, do they deserve it? that debate is coming up. and from bull market speed bump to chaos. breaking out at a bull fight in colombia. we're just wondering, is this scene a preview of what may be coming to our stock market? tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm tra
under the law, the government could recover triple damages. this is a $570 million suit against wells fargo. we're following it. we'll teep you posted. back to you. >> just off the lows, scott, thank you very much. we're heading toward the close, otherwise, with about 30 minutes left. the dow down 100 points at this hour. when we come back, we look at the health of wall street. new york state comptroller on the looming -- whether the looming fiscal cliff and increasing regulation are...
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the government there saying it will likely pass a law forcing banks to reduce the amount owed on mortgages. are we in the same spot in joining us with the president of team investments, tanya macyo. and new face to cnbc, welcome the u.s. economiest at b and b par rag way. good to have you on the show. thank you very much. like to get to you, first of all, you do not believe in further u.s. government intervention in the housing market but do believe putting the onus on the banks. >> i absolutely do the taxpayers billed out the bank $14 trillion. the banks are sitting on $1.64 trillion of reserves. i think it's time that the banks taken responsibility and truly help the homeowners that should be helped. not every homeowner should you can helped. truly upside down and can't afford their home, better to short sale, get out, foreclose, doesn't matter, get out of that bad situation, but people that are in their homes, that principal reduction could truly help and not only will it help the homeowner, it will truly help economy and act like a stimulus package. >> yelena, do you believe as well it
the government there saying it will likely pass a law forcing banks to reduce the amount owed on mortgages. are we in the same spot in joining us with the president of team investments, tanya macyo. and new face to cnbc, welcome the u.s. economiest at b and b par rag way. good to have you on the show. thank you very much. like to get to you, first of all, you do not believe in further u.s. government intervention in the housing market but do believe putting the onus on the banks. >> i...
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. >> enterprise law requires a kfc china or walmart china or a wow way to allow for the existence for a communist party committee within the organization. like the other companies, they allow for that existence. the communist party committee doesn't have any interaction with or influence on our business operation. >> both companies continue to insist their equipment is safe and poses no threat to u.s. tell wh telecom structures. joining us is director of global risk analysis for asia pacific. dean, are these concerns the u.s. is raising valid? >> well, i think some of them are. if you looked at the report, there were a number of issues that were raised. ip loss, protection of intellectual property, trading with sanction country including iran, business practices. but really the one underlying all of this explicit or otherwise, implicit, is the security of the actual systems that wow way or zte might be selling in to the united states. and that really comes back to a trust factor and transparency of the organizations themselves. which they've been trying for many years now to improve,
. >> enterprise law requires a kfc china or walmart china or a wow way to allow for the existence for a communist party committee within the organization. like the other companies, they allow for that existence. the communist party committee doesn't have any interaction with or influence on our business operation. >> both companies continue to insist their equipment is safe and poses no threat to u.s. tell wh telecom structures. joining us is director of global risk analysis for...
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they claim, at least, that huawei may be in violation of certain laws. we'll see. again there is a great deal of conjecture in today's report but you you need to sort of connect the dots to really get to the final conclusion that says, hey, these guys are really bad guys. that being said, it's a huge issue between the united states and china. not that we don't have many of them. we also talked to chairman rogers about that as well this morning. they are, as we all know, one of the largest holders of our debt. they are one of our largest trading partners. but this is an issue that many feel need to be elevated to that same level of importance when we talk to chinese leaders. >> david, thank you so much. bob, down to you. >>> there are several big american tech companies who are watching this showdown very closely with china. tech correspondent jon fortt in silicon valley looking at which companies stand to win and lose in all this. >> bob, the biggest, most obvious winner here is cisco because that's huawei's arch enemy in the networking space. cisco has accused the
they claim, at least, that huawei may be in violation of certain laws. we'll see. again there is a great deal of conjecture in today's report but you you need to sort of connect the dots to really get to the final conclusion that says, hey, these guys are really bad guys. that being said, it's a huge issue between the united states and china. not that we don't have many of them. we also talked to chairman rogers about that as well this morning. they are, as we all know, one of the largest...
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. >> will be law andered? >> it will be laundered money, exactly. >> simon, what do you think? >> or extend the maturities that is the other possibilities. >> i have heard that this -- they begged for that absolutely right, keep asking and the ecb keeps saying no. >> most people think in the end, the way it is going to happen is through the laundered system through the back door, through the central banks. >> what about spain, michelle some people were posing the question that the greece certain lives the story of the day today with the protests, with ms. merkel going to greece, but spain really is what we need to be focused more on. do you agree with that? >> much bigger, much bigger in size. greece, in the end, is the bigger pictures that we see on television, but when it comes to the actual amount of money, the european union could actually handle that cost. spain is much, much bigger. >> thank you, michelle. simon, over to you. >> also watching, as you will be aware, sue, apple, very closely today. shares officially in correction territory, down 10% from the record high we
. >> will be law andered? >> it will be laundered money, exactly. >> simon, what do you think? >> or extend the maturities that is the other possibilities. >> i have heard that this -- they begged for that absolutely right, keep asking and the ecb keeps saying no. >> most people think in the end, the way it is going to happen is through the laundered system through the back door, through the central banks. >> what about spain, michelle some people were...
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the cars weren't actually sold on hsn because of dealer franchise laws. walmart and american express are offering shoppers a pre-paid plan. the two companies will release a pre-paid debit card called "bluebird" next week. the card has no minimum balance requirment or fees attached. am ex says it is an option for customers who have been "poorly served by traditional banking products." on the trading floor, there's "chatter" more mergers and aqusitions may be in the works. "i think it's really the start of maybe a wave over the next 3, 6, 9 months where we are going to see a lot of activity and a lot of m&a activity in the marketplace." that was scott bauer of trading advantage. he tells us unusual activity is picking up in the options market. implied volatility is on the rise in stocks such as bmc software and lexmark. according to reports, 3 companies are said to be negotaiting to buy ancestery.com, also perking up the rumor mill. the huge amount of cash on the sidelines could be used for corporations to gobble up smaller companies. the potential new chai
the cars weren't actually sold on hsn because of dealer franchise laws. walmart and american express are offering shoppers a pre-paid plan. the two companies will release a pre-paid debit card called "bluebird" next week. the card has no minimum balance requirment or fees attached. am ex says it is an option for customers who have been "poorly served by traditional banking products." on the trading floor, there's "chatter" more mergers and aqusitions may be in the...
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that it is really about public employee unions because the private unions are protected by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're looking at is 2 to $3 billion in additional costs onto the state government in michigan calling collective bargaining a state protected right for state union employees, and so number one, this is a huge issue for the state of michigan. it is big for the governor. i think that if you look at what's happened in wisconsin, you're going to see hopefully the same level of success over in michigan. people understand that while we're -- >> we're a little short on time. i hate to cut you off here. there is going to be interesting questions at this week's debate and i would like to have you back next week to
that it is really about public employee unions because the private unions are protected by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're...
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laws. it is likely to become fodder for the u.s. presidential campaign, and there was a big piece -- >> on "60 minutes" and "wall street journal" and chavez won. >> apparently this is just a rumor, the bls the entire of bureau labor statistics from here was flown down to venezuela to monitor the election. >> the chicago guys were thrown down. >> ba-dum-boom. let's get to the story, the venezuelan president hugo chavez as joe was just saying -- >> 54-45. >> comfortable election victory that could extend his rule to 20 years. the next election isn't officially for six years but you had tens of thousands of ecstatic supporters flooding the streets around the presidential palace in downtown caracas, pumped their fists in the air and started shouting chavez's name. enrique capriles, he was beat by more than nine points. it will extend a wave of nationalizations and continue his support for left wing allies. we've heard how important this is for cuba, he has billions at his fingertips because of the oil produced there. this is the country
laws. it is likely to become fodder for the u.s. presidential campaign, and there was a big piece -- >> on "60 minutes" and "wall street journal" and chavez won. >> apparently this is just a rumor, the bls the entire of bureau labor statistics from here was flown down to venezuela to monitor the election. >> the chicago guys were thrown down. >> ba-dum-boom. let's get to the story, the venezuelan president hugo chavez as joe was just saying --...
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. >>> october 3rd, 2008, the emergency economic stabilization act became law. it created the $700 billion t.a.r.p. program. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for the achiever in you. >>> i don't know. >> oh. okay. hi. stocktober. not too early to talk about halloween. do you remember when it was? 2009. 2009. 2009. going up 1 billion this year. t
. >>> october 3rd, 2008, the emergency economic stabilization act became law. it created the $700 billion t.a.r.p. program. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece?...
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>>guest: the media says be specific, be specific, about law are cutting and what loopholes to get rid of, and the one program he mentioned there has been a week, now, of attention on this program. it is a very good example, neil, of why it is so hard to cut the federal budget. when you talk about single programs, gingrich learned this less monday in 1995 when i worked for him and we tried to cut the programs out, you get every constituency that cares about the programs and theys every lobbying dollar to save the programs. mitt romney is saying if we cannot get rid of this what can we get rid of? >>neil: do you think the folks at "sesame street" said we don't like being part of an ad campaign, come on, just chill. >>guest: i don't know. i do think, i go back to this point, when you have deficits as large as we have right now, it is time to start pruning. maybe we don't have to eliminate corporation for public broadcasting but we can cut the program and i think we should cut programs 20 percent or 30 percent across the board and bring in experts to show how to cut program but still prov
>>guest: the media says be specific, be specific, about law are cutting and what loopholes to get rid of, and the one program he mentioned there has been a week, now, of attention on this program. it is a very good example, neil, of why it is so hard to cut the federal budget. when you talk about single programs, gingrich learned this less monday in 1995 when i worked for him and we tried to cut the programs out, you get every constituency that cares about the programs and theys every...
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tell me why you surrendered your law license in illinois and why did your wife surrender her license in illinois. let us know why. you're running for the presidency. you don't have a private life anymore. it's gone. you made that decision when you said i'm running for president. what i'm saying is, we know one thing about mitt romney. he's got 25 years of solid business experience, most of which has been very successful. and he's a decent man. by the way i'll say it again. i'm going to feel very good when this man is president in january because he's going to make, i believe he'll bite the bullet, nigel. i really believe this guy -- >> nigel, you were there for gordon brown. what was that like for you? >> well, he was a man, it was awful really, not only -- >> scars. >> i want this guy on the show every time. >> not only did he sell 400 metric tons of gold at an average price of $258 an ounce, we can all make bad calls. what he did he announced to the markets the 17 days on which he was going to sell the gold and the quantities. i mean, we just had a moron in charge. it was disastrou
tell me why you surrendered your law license in illinois and why did your wife surrender her license in illinois. let us know why. you're running for the presidency. you don't have a private life anymore. it's gone. you made that decision when you said i'm running for president. what i'm saying is, we know one thing about mitt romney. he's got 25 years of solid business experience, most of which has been very successful. and he's a decent man. by the way i'll say it again. i'm going to feel...
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have they told you what laws it is they think you are violating? >> we have seen nothing from them. they have never mentioned any of these things in 11 months of conversation. we do know that last week there were a flurry of phone calls from the committee staffers to former and current huawei employees asking them lists of questions, begging to get some sort of information. we assume that it was that last minute flurry of phone calls that produced this, these allegations but we haven't seen them because the committee hasn't chosen to share them. david: bill plumber, from huawei. appreciate you coming in to answer charges. the concerns are real but again the substance has not been fleshed out in this committee report. i have to give you, give you your say on that. please come back and talk to us again as we get more details, would you?. >> absolutely. thank you very much. liz: you're welcome. that was an important story. we saw it. big competitors out there like cisco and the question becomes what is really behind this and driving it? we're watching closely, we need security but we d
have they told you what laws it is they think you are violating? >> we have seen nothing from them. they have never mentioned any of these things in 11 months of conversation. we do know that last week there were a flurry of phone calls from the committee staffers to former and current huawei employees asking them lists of questions, begging to get some sort of information. we assume that it was that last minute flurry of phone calls that produced this, these allegations but we haven't...
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. >> is there a china law in this country? a china lobby saying stay away from them because we need them so badly? >> i don't know. >> a lot of companies need to sell to china. the last thing they want to do, i don't think they want to hear about a trade war, given they own so many kentucky fried chickens in china. >> there's a trillion dollars in treasury bonds pretty strong lobbying. >> that's true. that's true. >> i think you're right. the main thing about china is it is more complicated that it seems. >> finally, a couple interesting notes on banks, david, the makenzie report saying the business model will provide sustainable profits and there's a poll of bankser who believe their numbers will get better, not worse. >> optimism never dies when it comes to people's pay. you look around them to see everything falling down but i was a star. i served to get paid well. we talked a lot about it. i think when you talk to the executives who run many of the global institutions, it is coming down in a true way. it's a seminole chang
. >> is there a china law in this country? a china lobby saying stay away from them because we need them so badly? >> i don't know. >> a lot of companies need to sell to china. the last thing they want to do, i don't think they want to hear about a trade war, given they own so many kentucky fried chickens in china. >> there's a trillion dollars in treasury bonds pretty strong lobbying. >> that's true. that's true. >> i think you're right. the main thing about...
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law and that the committee says it is referring the case to the fbi and the justice department. in a statement huawei says: the report released by the committee today employs many humors and speculations to prove nonexistence accusations. the integrity of huawei's operations and the quality and security of our products are world proven across 140 countries around the world, they are deployed by over 500 operators, and our products have served almost three billion people worldwide. zte has not responded to a request for comment. this report only recommends the government and businesses avoid these companies. to block them requires treasury's committee on foreign investment. treasury has failed to respond to repeated requests for comment there. analysts say the most significant damage to u.s. companies may come to their chinese operations. as that government may seek retaliation for what they perceive as election year slow economy politics. back to you. david: i love their line nonexistent accusations. the accusations exist. liz: yeah. david: it's whether the evidence exists to ba
law and that the committee says it is referring the case to the fbi and the justice department. in a statement huawei says: the report released by the committee today employs many humors and speculations to prove nonexistence accusations. the integrity of huawei's operations and the quality and security of our products are world proven across 140 countries around the world, they are deployed by over 500 operators, and our products have served almost three billion people worldwide. zte has not...
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stuff and bernie madoff -- an extradition on raj rajaratnam he went back to sri lanka which listen, the law in sri lanka and similar to that in the u.s. and here's what we spoke with prosecutors associated with this case. would you have done it? we would have tried to. we don't holds a lot of possibility here. and their arrested him in an impromptu way. and they arrested him on the spot. he has said one of the reasons -- the rationale is he could have gone to sri lanka. it is still on the lam for two years. 2010 is when he was indicted and has been on the lam ever since. tracy: find him -- that is in the poor. charlie: are you in to that. [talking over each other] charlie: you are inflicting pain. you are [talking over each other] [talking over each other] charlie: closing bell ringing in 29 minutes. liz: we are down 101 points. the session is down 105. netflix streaming movies to twenty-seven million customers. they have shows and smart phones and tablets and everything that is enough money streaming in? stocks saudis and strengthen a last few days. today taking a dive but netflix takes to
stuff and bernie madoff -- an extradition on raj rajaratnam he went back to sri lanka which listen, the law in sri lanka and similar to that in the u.s. and here's what we spoke with prosecutors associated with this case. would you have done it? we would have tried to. we don't holds a lot of possibility here. and their arrested him in an impromptu way. and they arrested him on the spot. he has said one of the reasons -- the rationale is he could have gone to sri lanka. it is still on the lam...
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a law firm that those entrepreneurs and companies in south florida. welcome to the program. >> thank you. >> let's get this clear now, your business, your law firm works with small businesses and entrepreneurs. >> right. >> they come to you and say, hey, i've got a legal problem, a government problem. that happens. >> all the time. stuart: i want a list, what's are the problems they're running up against or into with the obama administration. >> first, the president doesn't appreciate the entrepreneur. the comments you didn't build it, that goes to the heart of it. let's talk specifics. specifically regulations, obamacare is a big heavy burden that was thrown on the entrepreneurs desk and saying, now comply. but no one read the bill when it was passed, 2000 page plus and now all the regulators are at it writing regulations around that bill. stuart: it doesn't apply to businesses with fewer than 50 employees. >> yeah, but look, small businesses are 50 plus as well and businesses who have 20 or 30 employees want to be 50 plus and that prevents them from
a law firm that those entrepreneurs and companies in south florida. welcome to the program. >> thank you. >> let's get this clear now, your business, your law firm works with small businesses and entrepreneurs. >> right. >> they come to you and say, hey, i've got a legal problem, a government problem. that happens. >> all the time. stuart: i want a list, what's are the problems they're running up against or into with the obama administration. >> first, the...
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more some kind of commerce of laws that have to do with trade. why would this be a second amendment case when it has to do with the dealer and we were talking before -- stuart: judge napolitano: that is a profound question. it has to do with the second amendment. if the judges or looking for a way to curtail second amendment rights and chose to look at it that way rather than a simple commercial way that if we do this to manufacturers of guns, who is next? what will this do to insurance rates? the cost of products if a manufacturer is always responsible - charles: if we are honest about what this is about most people feel is an indictment by the appellate judges against the second amendment. thank you very much. the bounce from that romney with an 18 point shift among women voters for the governor. why do women change their minds? it is amazing. we will tell you why next. 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink le
more some kind of commerce of laws that have to do with trade. why would this be a second amendment case when it has to do with the dealer and we were talking before -- stuart: judge napolitano: that is a profound question. it has to do with the second amendment. if the judges or looking for a way to curtail second amendment rights and chose to look at it that way rather than a simple commercial way that if we do this to manufacturers of guns, who is next? what will this do to insurance rates?...
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state law not allowed to bypass local dealers and sell direct. the tv shows yesterday at work product demos. toyota says that after just that first hour on air, a cut as many requests for follow-up information as it expected to get all day long. hsn may offer a new way for carmakers to go after customers. these women, two thirds of new car purchases. hsn, 90% of the audience is women. average income is $60,000. this is the first time that hsn has ever run a show showing new we will know pretty soon whether the approach worked for toyota. tracy: i think it is a good idea. if you are willing to watch a hsn -- maybe they are willing to sit there and listen to hours of how great this car is. but it is because the salesman are hating on you. tracy: the chairs are uncomfortable. the coffee is bad. thank you. it is quarter till the hour. time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. nicole: two key names we follow closely. netflix and facebook. netflix is jumping once again. it has been up 30%
state law not allowed to bypass local dealers and sell direct. the tv shows yesterday at work product demos. toyota says that after just that first hour on air, a cut as many requests for follow-up information as it expected to get all day long. hsn may offer a new way for carmakers to go after customers. these women, two thirds of new car purchases. hsn, 90% of the audience is women. average income is $60,000. this is the first time that hsn has ever run a show showing new we will know pretty...
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it's law that just makes sensn. ♪ >> i am cheryl casone with your fox business brief. the bearish tone on wall street continues. investors are also bracing for a possible disappointing earning season. that starts off with alcoa. the dow is trading down 76 points. shares of owens corning are under pressure. on the flip side, though, investors are bullish for oil energy. the company provided new operational details to boost testing. last month they announced it would develop 100,000 acres of land adjacent to great bears a grudge. that is the latest from the fox business network. giving you the power to prosper. ♪ ♪ melissa: big bird president obama's newest weapon. the ad is mocking romney on the deficit on wall street. watch this. >> bernie madoff, criminals, and the evil genius who towered over them. one man has the guts to speak his name. >> redbird. >> big yellow a menace to our economy. romney knows it is not wall street you have to worry about, it is big bird. mitt romney, taking on our enemies no matter where they nest. lori: is this what the presidential deba
it's law that just makes sensn. ♪ >> i am cheryl casone with your fox business brief. the bearish tone on wall street continues. investors are also bracing for a possible disappointing earning season. that starts off with alcoa. the dow is trading down 76 points. shares of owens corning are under pressure. on the flip side, though, investors are bullish for oil energy. the company provided new operational details to boost testing. last month they announced it would develop 100,000 acres...
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>> that is what we typically see if you look at the law of averages, the numbers come down and they beat the expectations. that is not always the case. in terms of sales expectations only 40% of the companies beat their sales estimates, yet the market went higher. while we typically see companies beat expectations, it is not always the case. really the mark is probably now even focus more on the expectations for the fourth quarter were analysts expecting a rebound going from 3% decline to an expectation of 10% growth. cheryl: let's talk about some of the sectors you are watching and analyze. let's look at the financial sector first and foremost, a heck of a year for the financial sector overall, do you think at least there is some earnings upside on the financial sector? >> to look at the financial sector expected to be the best sector overall year-over-year growth, 10% growth overall, look at the companies reporting later this week, jpmorgan chase, wells fargo both expected 20% growth. within the financial sector we are seeing strength in some of the regional banks as well. cheryl: the
>> that is what we typically see if you look at the law of averages, the numbers come down and they beat the expectations. that is not always the case. in terms of sales expectations only 40% of the companies beat their sales estimates, yet the market went higher. while we typically see companies beat expectations, it is not always the case. really the mark is probably now even focus more on the expectations for the fourth quarter were analysts expecting a rebound going from 3% decline to...
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driver for those kids shot a video stung to see, a woman and what appears to be total disregard for the law and the safety for those kids. a brazen maneuver caught on tape, without even pausing. watch as this driver pulls up on to the curb and drives down the sidewalk to avoid waiting behind a school bus for handicapped children. >> comes through here every morning, goes around the school bus every morning. >> reporter: not just goes around. in the video you can clearly she sheena hardin doesn't just illegally pass on the right but uses a pedestrian walkway as a detour, and this was all captured by the bus driver. mom lisa kelly saw it every day, too, as she waited for the bus to pick up her daughter. >> what if it was her in a wheelchair. >> reporter: hardin does this all the time, but they needed proofrks so the driver got out his cell phone camera and started rolling, getting all the proof needed. the next day a cleveland police officer was ready and waiting. >> all right. she has been caught. justice has been served. >> reporter: hardin appeared in court on tuesday and plead not guilty
driver for those kids shot a video stung to see, a woman and what appears to be total disregard for the law and the safety for those kids. a brazen maneuver caught on tape, without even pausing. watch as this driver pulls up on to the curb and drives down the sidewalk to avoid waiting behind a school bus for handicapped children. >> comes through here every morning, goes around the school bus every morning. >> reporter: not just goes around. in the video you can clearly she sheena...
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it's law that just makes sense. cheryl: it is time for your west coast minute. a magnitude earthquake has struck. the u.s. shall jiggle survey says it hit last night. it was 53 miles south of -- mexico. authorities are watching for aftershocks. moving up north. the federal enforcement of california's medical marijuana dispensaries is being called in for question for a lack of effectiveness. they have shut down 600 illegal stores. they continue to operate. it looks like a massive peanut butter recall is expanding. the fda has discovered 35 new cases of salmonella. to most recently in washington state. they are recalling products that are sold at trader joe's, target and even costco. dennis: a new earning season. the biggest batch of ipos in month. sandra smith has the details. sandra: odds of initial public offerings. this will be the biggest week for ipos number wise. nine companies will be making their debut. here is a look at just a few of them's. the cloud -based technology company. the second company shutter stock. this is an online stock photographer. also
it's law that just makes sense. cheryl: it is time for your west coast minute. a magnitude earthquake has struck. the u.s. shall jiggle survey says it hit last night. it was 53 miles south of -- mexico. authorities are watching for aftershocks. moving up north. the federal enforcement of california's medical marijuana dispensaries is being called in for question for a lack of effectiveness. they have shut down 600 illegal stores. they continue to operate. it looks like a massive peanut butter...
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. >> i did the same thing for law school right through the stock market, was able to pay back everybody. >> if the president's re-elected, what are the chances that the american business community will think anew about him and be happy that he's re-elected and happy about -- and have confidence that he knows how to be a good pro-business? >> the answer would be because he goes to congress and comes up with a deal. if he comes up with a deal so we have some certainty about what our taxes are going to be and that there won't be massive layoffs from the federal government, he will be hailed as a hero because that's what people talk about, will it be oil or gas or clothing, apparel, retail. these retail executives say we are not getting the sales we'd like because everybody is worried about getting laid off because of this fiscal cliff. it's in the mindset. the president solved it, bingo. >> you just said the word. if i boil down the past four years of economic hardship why we're stalled from every businessperson i talk to at every level, from the small business, bagel owner at bagel heads
. >> i did the same thing for law school right through the stock market, was able to pay back everybody. >> if the president's re-elected, what are the chances that the american business community will think anew about him and be happy that he's re-elected and happy about -- and have confidence that he knows how to be a good pro-business? >> the answer would be because he goes to congress and comes up with a deal. if he comes up with a deal so we have some certainty about what...
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of free contraception under most workplace insurance plans as part of president obama's health care law. a surprise for a landscaper heading to work at a plant nursery in north carolina when he stumbled upon this, an eight-foot alligator sunbathing among the flowers. at first he thought it was a knew though creepy lawn statue until it moved. the 200-pounder apparently took a whole hour for wildlife officials to wrangle. it has now been safely released into a nearby river basin. >>> and time for this baby's nine-week checkup. the newest and cutest resident at the san diego zoo weighed in at 6.6 pounds, just adorable. little panda cub is developing well with fully functioning eyes, ears and even yelps. now four minutes after the hour. speaking of yelps, i'll throw it over to al, as i hear my own little dog yelping here, looking for me. >> we'll see new just a second. the new meaning of devil dog. >> yes. let's see what we've got for >> the new means of devil dog. let's see what we have for your weather today. a big change in temperatures. we have temperatures along the east coast ahead of
of free contraception under most workplace insurance plans as part of president obama's health care law. a surprise for a landscaper heading to work at a plant nursery in north carolina when he stumbled upon this, an eight-foot alligator sunbathing among the flowers. at first he thought it was a knew though creepy lawn statue until it moved. the 200-pounder apparently took a whole hour for wildlife officials to wrangle. it has now been safely released into a nearby river basin. >>> and...